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Professional training course · AGRC-025
Fraud and Financial Audit Techniques
Financial statement fraud and asset misappropriation can go undetected for years when auditors rely only on standard procedures. Auditors need to think like fraudsters…
- 5 daysClassroom
- 15Upcoming dates
- 7Cities
- £2,840Fees from
Course overview
Why Attend
Financial statement fraud and asset misappropriation can go undetected for years when auditors rely only on standard procedures. Auditors need to think like fraudsters and apply targeted techniques.
This LLMI course combines financial audit with fraud detection: fraud schemes affecting financial statements, professional scepticism, fraud risk factors, journal entry testing, revenue and expense manipulation, analytical red flags, forensic techniques and responding to suspected fraud. Participants analyse cases and test data for fraud indicators.
The course is practical and case-based.
Course Objectives
Recognise financial statement fraud and misappropriation schemes
Apply professional scepticism
Assess fraud risk factors
Perform journal entry testing
Use analytics to detect red flags
Respond appropriately to suspected fraud
Target Audience
Internal and external auditors
Finance controllers
Fraud examiners
Compliance professionals
Audit committee members
Risk managers
Course Methodology
Fraud case studies
Data analytics labs
Red flag exercises
Interview role plays
Group discussions
Course outline
-
1Day 1: Fraud and the Financial Audit
- Fraud types
- Fraud triangle
- Auditor responsibilities
- Professional scepticism
- Case study: Financial statement fraud
- Exercise: Red flag spotting
-
2Day 2: Fraud Risk Assessment
- Risk factors
- Management override
- Brainstorming sessions
- Fraud risk responses
- Documentation
- Workshop: Fraud risk assessment
-
3Day 3: Targeted Techniques
- Journal entry testing
- Revenue recognition fraud
- Expense and payroll fraud
- Asset misappropriation
- Related parties
- Lab: Journal entry analysis
-
4Day 4: Analytics and Forensics
- Ratio and trend red flags
- Benford's analysis
- Duplicate detection
- Document examination
- Interviews
- Lab: Fraud analytics
-
5Day 5: Response and Reporting
- Responding to indicators
- Escalation
- Investigations
- Reporting
- Prevention recommendations
- Capstone: Fraud audit plan
Dates and fees
Questions
Frequently asked questions
How long is the Fraud and Financial Audit Techniques course?
The course runs over 5 days of classroom training, usually Monday to Friday.
When is the next Fraud and Financial Audit Techniques course?
The next public date is 16 - 20 Nov 2026 in Istanbul. There are 15 upcoming dates in total.
Where is this course held?
Upcoming sessions run in Istanbul, London, Barcelona, Amsterdam, Cape Town, Munich, Madrid.
How much does the course cost?
Fees start from £2,840 per delegate, depending on the city. Fees include tuition and course materials.
Do participants receive a certificate?
Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.
Can this course be delivered in-house for our team?
Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.
Course information last updated 14 November 2026.
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